Interim CEO Phil Roux’s promise to “behave like we are owners and think like shareholders” could be just what Nampak needs to garner support for a much-needed — but unpopular — rights issue.

Nampak’s shares spiked more than 20% last week during Roux’s presentation to shareholders, which included a plan to crack down on costs “as other players are trying to eat our lunch”. His candour was a welcome departure from previous investor interaction by Nampak executives...

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